Unmanned Aerial Vehicle (UAVs) are significantly gaining adoption across several end user applications, owing to rising security concerns, predominantly, rising domestic crime incidences, terrorist threats, and border intrusion. UAV demand is primarily derived from Military end user application, followed by Law Enforcement, Precision Agricultural, Inspection & Monitoring, Media & Entertainment, and others. Additionally, introduction of recent government policies has further augmented the demand for UAVs in the country.

Unmanned Aerial Vehicle or UAV market growth is buoyed by security concerns, predominantly, terrorist threats, border intrusion, and rise in domestic crime rate; India recorded over crime 3 million incidences in 2016, growing from 2.2 million incidences in 2015. India is amongst top countries in terms of UAV imports; India accounts for about 20% of the global UAV imports. Moreover, the Government of India’s “Make in India” initiative is likely to push domestic manufacturing of these drones in the coming years.

According to research, India Unmanned Aerial Vehicle market is projected to grow at a CAGR of 18% during 2017-2023. UAV market in India is presently growing at a significant rate; wherein, in terms of volume, mini-UAV segment acquired major share of the market, followed by, medium, and long range UAVs. Long Range UAVs (High Altitude-Long Endurance) segment is in developing stage which is likely to enter in the India market by 2021. Due to high cost concern, India is targeting more towards domestic manufacturing under “Make in India” initiative. Rustom-H is most likely to be the first long range UAV in the country. Rustom-H is expected to enter in the market by earliest 2021. In terms of end user application, military application market held major share in the overall market. Moreover, over the coming years, with upcoming clarification on DGCA regulation for commercial usage, the market is likely to register higher adoption in India.

The report thoroughly covers unmanned aerial vehicles market by Types, Range, and Applications. The report provides an unbiased and detailed analysis of on-going trends, opportunities high growth areas, market drivers, which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

Historical data of Global UAV Market Revenue & Volume for the Period 2015-2016